Understanding the Basics of Mortgage Fraud

During the global financial crisis, corrupt industry insiders, desperate homeowners and organized crime groups turned mortgage fraud into one of the biggest economic threats in recent history. As a result, many honest homeowners are facing declining property values, having difficulty obtaining financing from banks and even losing their homes.

Because mortgage fraud has become a significant factor in the health of our economy, anti-fraud professionals like you are needed to combat this global problem. In this course, learn to take a stand against mortgage fraud by exploring the history of the mortgage industry and its role in the recent financial crisis, examining the life cycle of a mortgage loan to identify potential areas for fraud and learning techniques to recognize red flags of common mortgage fraud schemes and methods for prevention.

You Will Learn How To:

Explain the evolution of the mortgage industry over the years and its impact on the economyRecognize existing and emerging mortgage fraud schemes and common red flags for eachAnalyze the life cycle of mortgage loans and all parties involved in the mortgage lending processRecognize the three “C”s of the mortgage lending process and fraud schemes related to eachIdentify legislation and other legal remedies used to combat mortgage fraud

Online grading is available for ACFE self-study workbook courses. Complete the course offline at your convenience, but take the exam online the moment you're ready. Featuring instant exam results and a printable certificate, online grading offers a quick and convenient way to earn CPE.